November 30, 2016 - By Clifton Ray
5,030 shares of Jack In The Box Inc were unloaded by Paul Melancon, the corporation’s SVP – FIN/CONTROLLER/TREASURER. The insider shares are valued at nearly $526,260 which has been calculated on the basis of the average transactions stock price ($104.6 for each share). At present, Paul Melancon owns 6,156 shares which make up around 0.02% of the Company’s market cap.
Out of 14 analysts covering Jack In The Box Inc. (NASDAQ:JACK), 8 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 57% are positive. $121 is the highest target while $70 is the lowest. The $95.80 average target is -8.72% below today’s ($104.95) stock price. Jack In The Box Inc. has been the topic of 27 analyst reports since August 6, 2015 according to StockzIntelligence Inc. UBS maintained it with “Neutral” rating and $87 target price in Friday, June 3 report. Barclays Capital maintained the stock with “Equal-Weight” rating in Thursday, May 26 report. Suntrust Robinson initiated Jack in the Box Inc. (NASDAQ:JACK) on Wednesday, January 6 with “Neutral” rating. The rating was maintained by Cowen & Co on Thursday, May 26 with “Outperform”. Oppenheimer maintained Jack in the Box Inc. (NASDAQ:JACK) on Friday, February 12 with “Outperform” rating. Goldman Sachs initiated the stock with “Sell” rating in Monday, October 24 report. Wunderlich maintained Jack in the Box Inc. (NASDAQ:JACK) on Wednesday, August 5 with “Buy” rating. The firm has “Outperform” rating given on Thursday, May 26 by Robert W. Baird. The stock of Jack in the Box Inc. (NASDAQ:JACK) has “Outperform” rating given on Monday, November 9 by Oppenheimer. The rating was initiated by SunTrust with “Neutral” on Wednesday, January 6.
Insitutional Activity: The institutional sentiment increased to 0.92 in Q2 2016. Its up 0.14, from 0.78 in 2016Q1. The ratio improved, as 34 funds sold all Jack in the Box Inc. shares owned while 105 reduced positions. 50 funds bought stakes while 59 increased positions. They now own 31.72 million shares or 0.07% less from 31.74 million shares in 2016Q1.
Panagora Asset Mgmt Incorporated reported 203,216 shares or 0.09% of all its holdings. Highland Capital Management Lp, a Texas-based fund reported 156,700 shares. Parsons Ri has 3,250 shares for 0.03% of their US portfolio. Royal Bankshares Of Canada last reported 2,133 shares in the company. Sg Americas Ltd Liability Co reported 16,380 shares or 0.01% of all its holdings. Teachers Advisors Inc holds 0.01% of its portfolio in Jack in the Box Inc. (NASDAQ:JACK) for 52,940 shares. Nordea Inv Mngmt Ab, a Sweden-based fund reported 7,199 shares. Macquarie Grp Limited last reported 0.06% of its portfolio in the stock. Dorsey & Whitney Trust Ltd last reported 3,640 shares in the company. Great West Life Assurance Can holds 0% of its portfolio in Jack in the Box Inc. (NASDAQ:JACK) for 3,474 shares. Oregon Public Employees Retirement Fund has invested 0.02% of its portfolio in Jack in the Box Inc. (NASDAQ:JACK). Falcon Point Capital Ltd Limited Liability Company has invested 2.19% of its portfolio in Jack in the Box Inc. (NASDAQ:JACK). Fincl Bank Of America De, a North Carolina-based fund reported 1.05M shares. Moreover, Suntrust Banks has 0.01% invested in Jack in the Box Inc. (NASDAQ:JACK) for 12,089 shares. Creative Planning accumulated 0% or 3,047 shares.
Insider Transactions: Since June 3, 2016, the stock had 0 buys, and 8 selling transactions for $12.36 million net activity. $82,701 worth of Jack in the Box Inc. (NASDAQ:JACK) was sold by PEPPER RAYMOND on Friday, June 3. On Tuesday, November 22 DIRAIMO CAROL A sold $210,000 worth of the stock or 2,000 shares. $150,161 worth of Jack in the Box Inc. (NASDAQ:JACK) was sold by GOEBEL DAVID. REBEL JERRY P sold 42,362 shares worth $4.19M. GUILBAULT KEITH M also sold $185,934 worth of Jack in the Box Inc. (NASDAQ:JACK) shares. RUDOLPH PHILLIP H had sold 8,505 shares worth $833,488. $6.53M worth of Jack in the Box Inc. (NASDAQ:JACK) shares were sold by COMMA LEONARD A.
The stock closed at $104.95 during the last session. It is down 51.88% since April 27, 2016 and is uptrending. It has outperformed by 46.65% the S&P500.
Jack in the Box Inc. is a restaurant company. The company has a market cap of $3.31 billion. The Firm operates and franchises approximately 2,910 Jack in the Box quick-service restaurants and Qdoba Mexican Eats fast-casual restaurants (Qdoba). It has a 28.32 P/E ratio. The Company’s divisions are Jack in the Box and Qdoba Restaurant operations.
According to Zacks Investment Research, “Jack in the Box is a quick-service hamburger restaurant chain. Jack in the Box restaurants offer a broad selection of distinctive, innovative products targeted at the adult fast-food consumer. The Jack in the Box menu features a variety of hamburgers, specialty sandwiches, salads, Mexican food, finger foods and side items. The core of the Jack in the Box menu is its hamburger products, including its signature hamburgers, the Jumbo Jack, Ultimate Cheeseburger and Sourdough Jack.”
Analysts await Jack in the Box Inc. (NASDAQ:JACK) to report earnings on February, 15. They expect $1.26 earnings per share, up 35.48% or $0.33 from last year’s $0.93 per share. JACK’s profit will be $39.74M for 20.82 P/E if the $1.26 EPS becomes a reality. After $1.03 actual earnings per share reported by Jack in the Box Inc. for the previous quarter, Wall Street now forecasts 22.33% EPS growth.
More recent Jack in the Box Inc. (NASDAQ:JACK) news were published by: Businesswire.com which released: “Jack in the Box Inc. to Present at Investor Conferences in December” on November 29, 2016. Also Streetinsider.com published the news titled: “Form 4 JACK IN THE BOX INC /NEW For: Nov 28 Filed by: COMMA LEONARD A” on November 30, 2016. Streetinsider.com‘s news article titled: “Form 3 JACK IN THE BOX INC /NEW For: Nov 17 Filed by: ALTER IWONA” with publication date: November 29, 2016 was also an interesting one.
Jack in the Box Inc., incorporated on May 27, 1999, is a restaurant company. The Firm operates and franchises approximately 2,910 Jack in the Box quick-service restaurants (QSR) and Qdoba Mexican Eats fast-casual restaurants (Qdoba). The Company’s divisions are Jack in the Box and Qdoba Restaurant operations. The Firm operates and franchises approximately 2,250 Jack in the Box restaurants, primarily in the western and southern United States, including one in Guam, approximately 660 Qdoba restaurants across the United States, and approximately four in Canada.
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By Clifton Ray